ALTERNATIVE NEWS

Friday, May 25, 2012

by JOHN RUBINO: Think of devaluation as the monetary equivalent of the “tragedy of the commons”. In a nutshell, if everyone owns something, it is in each individual’s interest to grab what they can as quickly as possible, which soon depletes the resource.

With currency exchange rates, as with fisheries and sheep pastures, there’s an advantage for those who move first and pain for those who dither. Consider Iceland’s nearly-instantaneous recoveryfrom its epic banking crash:

In 2008, Iceland was the first casualty of the financial crisis that has since primed the euro zone for another economic disaster: Greece is edging toward a cataclysmic exit from the euro, Spain is racked by a teetering banking system, and German politicians are squabbling over how to hold it all together.

But Iceland is growing. Unemployment has eased. Emigration has slowed.

Iceland has a significant advantage over stressed euro-zone countries—a currency that could be devalued. That has turned its trade deficit into a surplus and smoothed its recovery.

A former Catholic priest who was defrocked after it was discovered he had sexually abused young girls is now working as a security screener for the TSA it has been revealed.The CBS 3 I-Team in Philadelphia reports that Thomas Harkins, a priest in South Jersey until 2002, is now working at a security terminal at Philadelphia International Airport.

Submitted by Tyler Durden: We have discussed the realities of Spanish (and Italian and Portuguese and Greek) debt to GDP data relative to the official estimates a number of times over the past few months and just as Mark Grant tells Rick Santelli today, the sugar buzz of self-financed sovereign bond buying hides the truth - until now when that liquidity is fading. From inaccurate data to LTRO ineffectiveness, 'Grantelli' sum it up nicely as the 'Bond Run' we have seen over the past few months (as professionals flee European banks and sovereigns) has now trickled down to the man-in-the-street and their equivalent - the bank-run.

How we humans love to praise ourselves for being rational and logical beings, the Noble Savage as they say, so easily forgetting that it is the primitive, animalistic part of our brain that can take control at any moment in the face of crisis and trauma, decimating that same logic and rationality we wear with so much pride.

Our primordial instincts of “fight or flight” kick into high gear, heightening our awareness by the necessity of survival. It is in this primeval state, where creativity is overshadowed by raw reaction to the perceived threats in our environment at that moment. No tomorrow or next week, but rather just focusing on the danger now, living in the present and usurping higher-level reason for savagery.

As the muscles, heart and lungs engorge with oxygenated blood and our senses heighten, we lose our civilized veneer as our ability to calmly contemplate our situation dissolves. We are at the mercy of our evolutionary process, as our irrational fears have been capitalized upon by politicians, corporations and organized religions; a handful of appointed rulers, who have gained control by promising their followers that they will keep them safe from real, or more often, imaginary and vaguely-defined enemies.

Millions of Egyptians queued at polling stations to cast their ballots in the country's first free presidential elections since the ouster of dictator Hosni Mubarak in a popular revolution last year. The attendance was particularly high in Cairo where long queues stretching outside the polling stations caused traffic jam. The first round of the presidential election in Egypt was held over two days on May 23 and 24, and a run-off would take place on June 16 and 17 if necessary. Final results are expected on June 21. Source

But what does war mean? Well, Webster’s Dictionary defines war as:Monday, May 28, 2012 is Memorial Day. A day to remember and honor the veterans who have fought in all the wars that this nation has been involved in. There will be parades, barbeques and all sorts of activities. Will you take time out of your day to remember those who went to war?

WAR\’WOR\n 1: a state or period of usu. open and declared armed fighting between states or nations 2: the art or science of warfare 3: a state of hostility, conflict or antagonism 4: a struggle between opposing forces or for a particular end

I decided to list some of the wars that we are involved in at this time. I know that I didn’t get them all but here are some of the wars I came up with.

War in Iraq, War in Afghanistan, War on Drugs, War on Terror, War on Violence, Middle East War, War on Women, War on Men, War on Islam, War on Religion, War on Poverty, War on Hunger, War on Obesity, War on Pornography, War of the Sexes, War on Crime, War on Vaginas, War on Guns

Let’s not forget the Tug of War and all of the other Wars that are out there.

Why does everything have to be a war?

I think that war should be defined in the following manner: a period of time where the total destruction of property and the loss of human lives are condoned. A conflict between two parties that can’t get along and these results are the mindless eradication of people that have no idea what is going on.

"It's not a Greek problem it's a European problem...Austerity measures simply not implementable... I believe we find ourselves in a similar position to that which prevailed during the cold war between the US and USSR. Both sides had nuclear weapons in their hands, both sides threatened to push the button and activate. When you have a cold war neither side will back down so we do not expect Cameron and Merkel to back down either. We are quite sure when the time comeslogic will prevail and they will not activate their nuclear weapons."

Alex talks with broadcaster, film-maker, and television show host Max Keiser, who will talk about Greece, the crumbling eurozone, and the Facebook IPO fiasco. Alex also takes your calls. Source

UK economy shrinks more than expected on fall in construction output - Britain's recession is deeper than previously thought after the Office for National Statistics unexpectedly revised down its growth estimate for the first quarter because of a weak construction sector.

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Dear Reader

Are YOU Involved or Institutionalized? Our belief that the global economic crisis would persist and deepen is being vindicated and current events are now as clear as ever on the matter. Time for all of us to wake up, stand up and be counted or continue to lose all our liberties. Protect your homes and families. The sun will still rise but financial chaos and suffering due to the global fascist banksters' greed and corruption, slaughter due to the MIC's directed world wars in our name etc. is not pretty. We are feeling the effect on our society the size and like of which we have never known.

We are way past being surprised at the blanket suppression of this information by the BBC and main stream media propaganda machines. Information is clearly available elsewhere and unchallenged, accounts for a far more realistic rendition of what we have actually seen and what we continue to see develop, whilst the main stream news put out leaves many confused and bewildered, 99.9% of us wrong footed and the awakened indignant. As we can now see, the apparently 'soft fascist' powers that be aim to block these alternative avenues of information. Book up, "Long Live the Evolution."Feel free to copyme. Angelo Agathangelou.

P.S. The MHRM, are calling out the constant misinformation disseminated by and maintain our open challenge especially to western radical feminists, to point out just one area where government in the UK, Europe or anywhere else in the English speaking world disadvantages women and girls when compared with men and boys, ...the wage disparity myth having long been debunked by serious academics and statisticians. So far this challenge has remained unanswered. Western feminism is obsolete.

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N.B.

These pages exist because we believe information from all perspectives should be aired, they do not necessarily reflect our views unless explicitly stated. We do not intend to cause offense, but we feel there is a need for such a shift in our society that to call it change rather than evolution would be an understatement. A velvet revolution towards living with reality for the individual, the family and society. A revolution towards living within our means and taking responsibility for ourselves, instead of mortgaging the future of our children to bloated leech faux democracy for the benefit of Ponzi 'banksters' and The Military Industrial Complex.